To find the answer, you will need to take 525 mL and multiply it by 20 mg/mL. The mL units cancel each other out so you will be left with an answer in mg.
525 mL x 20 mg/mL = _____
The answer is $3500.
You are simply asking for the equivalent of 2 points for the mortgage of $175,000. Since 1 point is equal to 1% of the mortgage, 2 points is 2% of the mortgage then.
Equation:
Y = P% * X
Y = 2% * 175000
Convert P into decimal: P = 2/100 = 0.02
Y = 0.02 * 175000
Y = 3500
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Answer:
Every economic decision has <u>many</u> trade-offs, but only <u>one</u> opportunity cost.
Explanation:
Every economic decision as well as every decision involves trade-offs as a there are many other options or choices of investments as there are many other ways to make use of the companies resources. However for businesses, and economics in general the opportunity cost is the alternative forgone which is a comparison between two items, such as the item of most value whose production is stopped due to the economic decision to manufacture an alternative product. As such for opportunity cost, there is a direct comparison between two items
Therefore, every economic decision has many trade-offs, but only one opportunity cost.
